Ken flagg's Blog Posts Tagged 'Nasdaq' (84)

As of 9:15 ET, futures trading has stopped. The S&P 500 futures ended higher by 0.3%, Dow futures added 0.1%, and Nasdaq futures shed 0.1%.

While equity futures and equity markets are closed today, all other CME Group products, including NYMEX and COMEX, will settle at their normal times.

Reports suggest that there was no damage to the NYSE (NYX 24.84, 0.00)…

Europe's major bourses are mixed at the moment. However, a handful of markets in the eurozone periphery are sporting impressive gains. Italy's MIB is up 0.7%; Spain's IBEX is up 0.6%, and; Greece's Athex 20 is up 3.3%, all despite a series of downgrades for Spanish banks by analysts at Moody's. Germany's DAX is currently up only 0.1%. Deutsche Bank (DB 37.18, +1.34) is a primary leader there following the stock's descent during the past month.…

Stock futures haven't had much of a reaction to the latest data, mostly because there weren't any big surprises to the numbers. Personal income for August declined by 0.1%,  a 0.1% increase. The unexpected slip comes after income had increased by 0.3% in the prior month. However, personal spending increased by 0.2%, as had been broadly expected. Still, the pickup wasn't as strong as the 0.8% jump that was reported for the prior…

Stock futures haven't really had much of a reaction to the latest dose of data, mostly because there weren't any dramatic surprises to the numbers. Personal income for August declined by 0.1%, which contrasts with the consensus call for a 0.1% increase. The unexpected slip comes after income had increased by 0.3% in the prior month. However, personal spending increased by 0.2%, as had been broadly expected. Still, the pickup wasn't as strong as the 0.8% jump…

Today's movement came from lower than avg. volume (738 mln, vs. 958 mln avg; 1630 mln, vs. 1818 avg), with decliners outpacing advancers (NYSE 1400/1546 Nasdaq 1273/1306), and with new highs outpacing new lows (NYSE new highs/new lows 103/24 and NASDAQ new highs/new lows 79/23).

ETF relative strength: sugar futures- SGG +5.5%, uranium & nuclear energy- URA +4.8%, NLR +2.7%, semis- XSD +3.1%, SOXX +2.4%, SMH…

Stock futures are up narrowly this morning. Buying interest, although modest, has been helped along by renewed strength in Europe, where the Bank of England kept its benchmark interest rate at 0.50%, as had been expected, but the European Central Bank announced that it has added 25 basis points to its target lending rate, which now stands at 1.50%. Domestic data features the June ADP Employment Report, which will be released at 8:15 AM ET. It will be followed by…

News that Greece has taken the first step toward shoring up its finances by agreeing to a five-year austerity plan with the European Union and International Monetary Fund helped the major market averages rally in the prior session to a mixed finish. There hasn't been any extension of the move this morning, though. Instead, stock futures are flat. The greenback has gained ground against competing currencies, however. As such, the Dollar Index was last quoted with…

 the S&P 500 is up 17 (1.4%) to 1289 and the Dow is up 136 (1.1%) to 12089. Action has come on light volume (NYSE 330 mln vs. avg of 364 mln; NASDAQ 742 mln vs. avg. of 884 mln), with advancers outpacing decliners (NYSE advancers/decliners 2585/444, NASDAQ advancers/decliners 2014/541) and with mixed new highs/lows (NYSE new highs/new lows 21/21 and NASDAQ new highs/new lows 26/49).

Relative…

 The stock market is coming off of its sixth straight weekly loss and the Nasdaq is now negative for the year, but only a modicum of relief buying has been displayed this morning. The narrow lead that stock futures currently hold over fair value comes amid mixed action abroad and a moderately weaker dollar. Other trading catalysts are limited this morning, given the dearth of corporate events in the news. There isn't any domestic data on tap for today…

 Stocks appear to be getting some relief after suffering a string of losses in recent sessions. The bid comes despite mixed action abroad and no changes to monetary policy by either the Bank of England or the European Central Bank. Both the euro and the sterling pound are holding on to fractional gains against the dollar in the wake of the decision. The euro could see some increased volatility when ECB President Trichet begins his press conference at the bottom…